Another car thread | GTAMotorcycle.com

Another car thread

J

jc100

Well-known member
So our need for a second car isn’t a priority right now but we will need one eventually.

What's the consensus on possible covid-19 related sales and bargains for used or new inventory?

Sorry to sound mercenary but my thinking is that there will be quite a few early lease returns and some finance defaults due to the economic impact of the pandemic at some point.
 
There have been some media articles that the used pipeline is overloaded. Auctions not running as usual, leases still expiring, not nearly as many buyers in the market as usual. Not sure how this affects prices at this point.
 
I don't think there will be many deals at all before the new models begin to be delivered. I expect the best you'll see is interest rates on financing being offered at never before seen rates for the brand.
 
GreyGhost said:
There have been some media articles that the used pipeline is overloaded. Auctions not running as usual, leases still expiring, not nearly as many buyers in the market as usual. Not sure how this affects prices at this point.
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I got a feeling that they may be in trouble since a dealer got in touch today asking me if I was interested in a VW new model Tiguan with 80k plus kms on it for $27k. I told him the kms and price were too high.
 
Evoex said:
I don't think there will be many deals at all before the new models begin to be delivered. I expect the best you'll see is interest rates on financing being offered at never before seen rates for the brand.
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New may not see a big price cut. Most of the plants have been closed through the shutdown so assuming that people are employed when they start up, demand and supply should be reasonably balanced.
 
GreyGhost said:
New may not see a big price cut. Most of the plants have been closed through the shutdown so assuming that people are employed when they start up, demand and supply should be reasonably balanced.
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Don't have to tell me, i work in automotive mfg lol. We're still waiting for the NA OEMs, because right now they continue to bump the start up date another week then repeat.

There are less people buying for sure and will be for a long time. I doubt we'll see much savings on the used car market either.
 
jc100 said:
I got a feeling that they may be in trouble since a dealer got in touch today asking me if I was interested in a VW new model Tiguan with 80k plus kms on it for $27k. I told him the kms and price were too high.
Click to expand...
i would say it's more probable they are fishing or just trying to get you in there to unload a new 70k+ loaded vehicle on you.
 
GreyGhost said:
There have been some media articles that the used pipeline is overloaded. Auctions not running as usual, leases still expiring, not nearly as many buyers in the market as usual. Not sure how this affects prices at this point.
Click to expand...

Saw the same thing.. One of the reports said some dealer were refusing to tale lease returns because of full lots... companies trying to convince customers to keep the lease for longer.
 
jc100 said:
I got a feeling that they may be in trouble since a dealer got in touch today asking me if I was interested in a VW new model Tiguan with 80k plus kms on it for $27k. I told him the kms and price were too high.
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I like what they did with the Tiguan.
iirc it was you that let me know that they made it a larger vehicle.
If that $27k was out the door, that's not too bad, right? What's MSRP new?

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Joe Bass said:
I like what they did with the Tiguan.
iirc it was you that let me know that they made it a larger vehicle.
If that $27k was out the door, that's not too bad, right? What's MSRP new?

Sent from my Pixel 3a using Tapatalk
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Ignore that.
I just saw post #10
That's the ticket.

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Joe Bass said:
I like what they did with the Tiguan.
iirc it was you that let me know that they made it a larger vehicle.
If that $27k was out the door, that's not too bad, right? What's MSRP new?

Sent from my Pixel 3a using Tapatalk
Click to expand...

That level was a $40k vehicle but it’s only a year or two old with 80k kms on the clock. I think VW has a warranty that is x years OR x kms and I’ll need to check but it could be 100k kms. That means I’d only get a years warranty on a year or two old vehicle.

Yes, the new Tiguans are larger than the old ones and a lot nicer. Wife likes them. Jobs half done there.
 
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jc100 said:
That level was a $40k vehicle but it’s only a year or two old with 80k kms on the clock. I think VW has a warranty that is x years OR x kms and I’ll need to check but it could be 100k kms. That means I’d only get a years warranty on a year or two old vehicle.

Yes, the new Tiguans are larger than the old ones and a lot nicer. Wife likes them. Jobs half done there.
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Warranty is 4yrs/80k km, whichever comes first.
 
regder said:
Warranty is 4yrs/80k km, whichever comes first.
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thanks....makes that a terrible deal from the dealer. I asked them to look out for a decent new body size AWD Tiguan, low kms and balance of factory warranty on the car.
 
With what your looking for the guys that suggested leasebusters or Kijiji are on the right track. You need a private seller that’s run into money issues and needs to bail on the payment immediately.

At the dealer level good late model low mileage used cars are starting to dry up. Cars are surprisingly selling (not at a rapid pace but moving) and it’s tough to replace them right now.

Good luck
 
blackcamaro said:
With what your looking for the guys that suggested leasebusters or Kijiji are on the right track. You need a private seller that’s run into money issues and needs to bail on the payment immediately.

At the dealer level good late model low mileage used cars are starting to dry up. Cars are surprisingly selling (not at a rapid pace but moving) and it’s tough to replace them right now.

Good luck
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I've always steered clear of leases but would be willing to look at one if it is severely in my favour.
 
With dealers being overloaded with inventory, you might want to try North Toronto Auction. They run a live public sale every two weeks. Still open during covid with live streaming. NTA public sale days are usually over run with dealers driving prices up, but by now they might be shying away. Sometimes they even have toys like bikes, boats, atvs, sleds and RVs
 
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